ATS Software ROI Calculator – Hiring Metrics
ATS (Applicant Tracking System) software is a crucial tool for streamlining recruitment processes. Understanding its ROI is vital for making informed decisions. Our calculator helps you determine the value of ATS software for your hiring needs.
- Enter the cost of your ATS software.
- Enter the number of hires you expect to make in a year.
- Enter the average salary for the positions you’re hiring for.
- Click ‘Calculate ROI’ to see your results.
The calculator uses the following formula to calculate ROI:
ROI = [(Number of Hires * Average Salary) – Cost of ATS Software] / Cost of ATS Software * 100
| Software | Cost per Month | Annual Cost |
|---|---|---|
| ATS Software A | $500 | $6,000 |
| ATS Software B | $750 | $9,000 |
| ATS Software C | $1,000 | $12,000 |
| Task | Without ATS | With ATS | Time Saved |
|---|---|---|---|
| Screening Resumes | 2 hours | 30 minutes | 1.5 hours |
| Scheduling Interviews | 1 hour | 15 minutes | 45 minutes |
| Onboarding | 2 hours | 1 hour | 1 hour |
- Consider the time saved with ATS software when calculating ROI.
- Look for ATS software that integrates with your existing HR systems.
- Regularly review and update your ROI calculations as your hiring needs change.
What is ATS software?
ATS software is a tool used by recruiters and HR professionals to streamline the hiring process. It helps manage job postings, resume screening, interview scheduling, and onboarding.
Why is ROI important for ATS software?
Calculating ROI helps you understand the value of your ATS software and make informed decisions about your recruitment budget.